It's time to ring out the year of dragon and to ring in the year of snake. At the beginning of a new year, I would like to express heartfelt thanks on behalf of Dalian Commodity Exchange to all friends and guests, to our member units and investors, and to the leaders at all levels who care about and support the development of Dalian futures market. And I'd like to express sincere greetings and best wishes as well.
In the past year, DCE, under the guidance of scientific outlook on development, thoroughly implemented the spirit of the national financial work conference and national securities and futures regulatory work conference, and on the general principle of "seeking improvement in stability", made great efforts to promote market innovation and development, actively improved regulations and systems, further enhanced the capability to serve agriculture, farmers and rural areas and real economy. In spite of the tremendous fluctuations in the prices of domestic and foreign agricultural products and the continuous increase in market liquidity, no systematic or regional risks happened and the market achieved sustainable development in quantity and quality. Last year, the trading volume and trading value of DCE reached 1.266 billion contracts and CNY 66.64 trillion, up 119.01% and 97.45% respectively over last year, hitting record highs. New varieties like coke and eggs have been ready to be launched, iron ore and lumber futures were approved to be set up as projects, and option R&D and emulation trade were well under way, laying a solid foundation for the coming accelerated innovation and development of markets.
2013 is the first year that the spirit of the 18th National Congress of CPC is thoroughly implemented, and an important year for the accelerated reform and development of China's futures markets as well. Under the correct leadership of CSRC, DCE will seize firmly the most favorable historic opportunity for reform and development, closely follow the basic requirements that futures markets should serve real economy, make great efforts to accelerate the innovation of varieties and trading instruments and promote the building of a multi-level commodity market system, to better serve agriculture, farmers, rural areas and small and micro enterprises; we will further improve market regulation and perfect rules and systems, to ensure sound and steady market operation and protect the lawful rights and interests of investors; we will take the opportunity of improving the administration structure of DCE to perfect systems and mechanisms and increase market efficiency based on market-oriented requirement.
We sincerely hope that our member units and investors will continue to support our work to make more contribution to the reform and development of China's capital markets, to the innovation of Dalian futures market, and to the promotion of real economic development and the transformation of development form.
Chairman of the DCE
distributed by